Giant Stores Corporation hired Touche Ross & Co. to audit its financial statements. It was later discovered that Giant had manipulated its books by falsely recording assets that it did not own and omitting substantial amounts of accounts payable so that the financial information that Touche had certified was incorrect. The Rosenblums, allegedly relying on the correctness of the audits, acquired Giant stock in conjunction with the sale of their business to Giant. 

That stock subsequently proved to be worthless after the financial statements were found to be false. The Rosenblums claimed that Touche negligently conducted the audits and that Touche’s negligence proximately caused their loss. If the court uses the reasonably foreseeable users approach, could Touche be liable to the Rosenblums in spite of the lack of privity?